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Shell Indonesia To Invest $90 Mln-$100 Mln For Lubricant Plant

From the Wall Street Journal

JAKARTA (Dow Jones)--PT Shell Indonesia, the local unit of Royal Dutch Shell PLC (RDSB.LN), plans to invest $90 million-$100 million to build a lubricant plant, a senior executive said Friday.

"We aim to start construction this year, and if no hurdles are in our way, complete in 2013-2014," Chief Executive Darwin Silalahi told reporters after a meeting with government officials at the industry ministry.

"The plant will have a capacity of 100,000 (metric) tons a year, and we also expect to export to China, India, and Vietnam."

Industry Minister M.S. Hidayat told reporters after the meeting that the ministry will propose that lubricant firms get the incentive of import duty exemption.

For detail story, please visit here
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